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Friction Matters

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142 Comments

  2. Beautiful flawless presentation. I kinda miss the flaws though, it feels a bit less real now.
    On the Ask Catherine front, I have a sort of query I find hard to frame. I’m an outsider to the financial space, and I cannot figure out why
    P = G – T (or Corporate profits ~= Government Deficit )
    never gets discussed.

    1. Hmm…I like authentic. Not into slick. Appreciate the feedback.

      1. It’s like sitting across the table from you. 🙂
        FWIW, my take on Profits:
        year : Total Cap Tn : Deficit Bn : P/E
        2005 : $17Tn : $394Bn : 18
        2018 : $30Tn : $1044Bn : 22
        2020 : $43Tn : $3000Bn : 38
        The numbers are a bit flaky : I’m unsure what to make of the 2020 data.
        It seems that the Deficit has gone into Savings instead of Profits. As always I could be wrong, but my point is that nobody wants to know.

  4. JD Farag is from Hawaii not California – he is my virtual pastor – God bless him and protect him!

      2. That would be surprising to me if she did. But nothing should surprise me anymore.

    1. Assume they think paying will help get more people to risk taking it.

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